The past couple of days have been quite interesting in the crypto market. Major coins like Bitcoin, Ethereum, and SOL all rebounded simultaneously this morning, and there are actually two potential positive developments behind the scenes driving this momentum.

First, let's talk about the tariff issue. The U.S. Supreme Court may issue an initial ruling on the tax refund matter tonight or early tomorrow morning. This has caused quite a stir internally. If judicial means can truly impose constraints on certain decisions, it could actually be good news for risk markets—after all, less uncertainty means that inflation expectations won't be disrupted by sudden policy changes.

More importantly, this week the Senate is set to take a historic step on the CLARITY Act. This bill has been in preparation for over half a year, with bipartisan negotiations involving regulators, law enforcement agencies, academia, and industry insiders. Essentially, it aims to establish a clear and feasible regulatory framework for digital assets.

The core functions of the bill are threefold: protect retail investors, keep innovation and investment in the U.S., and safeguard national security. What does this mean? It means compliance pathways are becoming clearer, allowing market participants to see where the boundaries are—this is a solid long-term positive for development.

Regulatory friendliness is increasing, and market sentiment is naturally improving as a result. Led by Bitcoin, other cryptocurrencies are also rebounding in response, and this logic makes sense.